Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against BloFin−0.011%95s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.011%, 7d avg −0.050%
=The price spread pays, funding is against you. KuCoin is 0.040% dearer against BloFin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.050%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.233% in total) that is about 29 hours. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MU-USDT | 1,036.4 | 0.0120 | pay 0.0120% / 8h | 1h 37m | $1.5M | $2.1M | 20x |
| Short | KuCoin MUUSDTM | 1,036.3 | 0.0100 | get 0.0100% / 8h | 1h 37m | $5.2M | $3.9M | 20x |
BloFin MU-USDT
KuCoin MUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.2
- Price spread: −0.011% → −0.050%
- $3.97
- Slippage, 4 orders
- −$15.39
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$39.62
- Costs to cover
- 0.394%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 5 min ago | 0.05 bp | 6.6 bp −$7 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 2.89 bp | 13.0 bp −$13 | 25.2 bp −$252 | doesn't fit | doesn't fit |
MU on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.0203% | 4h | 1,035.9 | −0.042% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0192% | 8h | 1,036.6 | +0.021% | $20.2M | $40.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.8 | +0.038% | $21.1M | $58.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.5 | +0.007% | $121.4M | $537.2M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.5 | +0.010% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.6 | +0.024% | $29.8M | $99.8M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,035.8 | −0.055% | $314K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.2 | −0.014% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036 | −0.036% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.3 | −0.007% | $73K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,036.3 | −0.007% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,035.9 | −0.043% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.1 | +0.066% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.7 | −0.067% | $74K | $555K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,035.6 | −0.074% | $127K | $441K | 50x | as long as short |
| Nado MU-PERP | +0.0008% | 1h | 1,035.5 | −0.082% | $277K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,036 | −0.033% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,036.5 | +0.015% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.4 | +0.003% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036 | −0.041% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,035.7 | −0.069% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.445% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036 | −0.040% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.8 | −0.053% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.2 | −0.017% | $176.0M | $88.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.6 | −0.075% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.8 | −0.057% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.8 | −0.053% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,036.5 | +0.009% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.4 | −0.094% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,036.3 | −0.007% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTMshort | +0.0100% | 8h | 1,036.3 | −0.011% | $5.2M | $3.9M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.5 | +0.008% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,035.8 | −0.060% | $823 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.035% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDTlong | +0.0120% | 8h | 1,036.4 | long leg | $1.5M | $2.1M | 20x | |
| Phoenix MU | +0.0231% | 1h | 1,036.2 | −0.017% | $530K | $270K | 15x | as long as short |
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Phoenix MU